£117,871
This estimated value is based upon the latest sale price for the house of £94,500 on 10 May 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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HQ Salford, Clippers Quay, Manchester, M50 3XP
Phone: 01615062781
| Price Paid | Date |
|---|---|
| £94,500 | 10 May 2018 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 945 sq feet |
This model uses changes in the Official Land Registry House Price Index for GREATER MANCHESTER to estimate the market value.
When this house was purchased in May 2018 the House Price Index for GREATER MANCHESTER was 119.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.732%.Applying this 24.732% change to the original purchase price of £94,500 results in an estimated price of approximately £117,871.
| 10 May 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 148.6 | 24.732 % | £94,500 | £23,371 | £117,871 |
The Postcode Pricing Model uses changes in average sales price within the M12 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 43.215 % | £40,837 | £135,337 |
| 3 Month Average | -18.450 % | £-17,435 | £77,064 |
| 6 Month Average | 20.067 % | £18,963 | £113,463 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £226,986 | £225,000 | 17 RUNHALL CLOSE |
| 21 Aug 2023 | £201,765 | £200,000 | 22 BELLE VUE STREET |
| 20 Jan 2023 | £154,273 | £155,000 | 8 KIMBOLTON CLOSE |
| 19 Aug 2022 | £124,664 | £125,000 | 6 NEENTON SQUARE |
| 29 Apr 2022 | £159,619 | £155,000 | 10 BELLE VUE STREET |
This house has a floor area of 87 sq meters or 945 sq feet when measured on 10 Feb 2009. Using an estimated price of £117,872 means this house is valued at £1,341 per sq meter (£124 per sq foot).
The average size of a house on GORTON LANE is 65 sq meters (700 sq feet).